Political Quotes

“I will be no more than 3 minutes. I wish to make a short response to my friend from Idaho that the issue here is more about process than substance. We have slight disagreement on substance, partly from the delta issue. I understand the farmer and rancher in Idaho and the farmer in Ohio and the importance of managing risks. I was also a bit amused by the examples he used of manufacturers, those same manufacturers who came in front of our committee that produce beer or soft drinks that were paying more for their metals, for their aluminum cans because of the overreach in some commodities from some Wall Street firms. But this is not the time to debate that. The issue is really the process of this change. I was part of legislation with Senator Collins and with Senator Johanns in the last session. It was a lengthy process. Senator Crapo supported our efforts in committee and beyond. It was a slight change to Dodd-Frank. It was a change that we did cautiously. We made agreements and compromises. We brought in Sheila Bair, who had helped in some of the crafting of the language with the Collins amendment. We worked with her, we worked with Senator Collins, we worked with Senator Johanns, and I started the process. Senator Collins became the lead sponsor of it--the compromise through hearings in both Houses and hearings in the Senate banking committee. There were discussions in both Houses. We eventually came to that agreement with a free-standing bill.…”